Previously a partner with Latham & Watkins, Sharon Bowen has been sworn in as a commissioner of the U.S. Commodity Futures Trading Commission (CFTC), the federal agency that oversees the commodity futures, options and swaps industry.

As expected, U.S. and U.K. authorities announced yesterday that they will fine brokerage firm ICAP $87 million for its role in manipulating benchmark interest rates—specifically, the London interbank offered rate (LIBOR).

The futures industry is at it again. On the heels of CME Group’s lawsuit against the U.S. Commodity Futures Trading Commission comes a multimillion-dollar patent infringement lawsuit courtesy of CBOE Holdings Inc., the parent company of the Chicago Board Options Exchange (CBOE).

CME Group Inc., the world’s largest futures and derivatives market, has come under fire for its recent lawsuit against the U.S. Commodity Futures Trading Commission, which it filed in an effort to block the implementation of certain Dodd-Frank reporting requirements.

Perhaps the ink will dry on Barclays’ checks just in time for its execs to settle into their seats at Centre Court and dig into their strawberries and cream. Reports surfaced today that the British bank will pay $450 million to U.S. and British authorities to settle charges against Barclays...